Actually, I can repeat their excuse for the high price — rumor.
There was a rumoor that a distributor would not be able to meet its delivery schedule last week and that caused the price to jump from $3.89 where it had been stuck for weeks to $4.09 (and as high as $4.21) over night.
Our price here has been stuck at 3.29 for weeks.
But you just stated it yourself - at least one factor that could account for the price there. There was a rumor about a distribution problem. There you go. That’s just one of several factors that can contribute to it.
The way our economy is being strangled, it’s to the point that the only way to look at this shale production boom now is as an underpinning to overall economic activity, helping to hold that activity level above the point of collapse.
Suppose that you took Texas and North Dakota out of the economic stats. Imagine what the numbers would look like, then. That’s another way of looking at our economy. It’s weak, it’s uneven, it’s on shaky not firm ground. This activity is a backstop keeping the ball on the playing field and that’s about it.
While it has the potential to literally shoot our economy to the moon, if the downward drag factors could be eased or removed.